Air Lease Corp (AL) Volatility At 1.67%, Should You Add A Position?

Air Lease Corp (NYSE: AL) is -0.21% lower on its value in year-to-date trading and has touched a low of $33.33 and a high of $45.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AL stock was last observed hovering at around $42.56 in the last trading session, with the day’s loss setting it -0.71%.

Currently trading at $41.85, the stock is 0.73% and 2.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -1.67% at the moment leaves the stock 5.24% off its SMA200. AL registered -6.38% loss for a year compared to 6-month loss of 1.45%. The firm has a 50-day simple moving average (SMA 50) of $9.22 and a 200-day simple moving average (SMA200) of $13.27.

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The stock witnessed a 4.55% gain in the last 1 month and extending the period to 3 months gives it a 14.97%, and is -2.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 1.95% over the month.

Air Lease Corp (AL) has around 151 employees, a market worth around $4.65B and $2.45B in sales. Current P/E ratio is 9.36 and Fwd P/E is 8.93. Profit margin for the company is 20.27%. Distance from 52-week low is 25.56% and -7.36% from its 52-week high. The company has generated returns on investments over the last 12 months (1.94%).

Air Lease Corp quarterly earnings per share for the current quarter are estimated at $1.08 with sales reaching $668.61M over the same period.The EPS is expected to grow by 453.20% this year, but quarterly earnings will post 13.30% year-over-year. Quarterly sales are estimated to grow 11.10% in year-over-year returns.

417 institutions hold shares in Air Lease Corp (AL), with institutional investors hold 97.45% of the company’s shares. The shares outstanding are 110.89M, and float is at 103.21M with Short Float at 1.87%. Institutions hold 90.96% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 10.16 million shares valued at $425.0 million. The investor’s holdings represent 9.15% of the AL Shares outstanding. As of Jun 29, 2023, the second largest holder is JP Morgan Chase & Company with 6.72 million shares valued at $281.36 million to account for 6.06% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 6.55 million shares representing 5.90% and valued at over $274.3 million, while Blackrock Inc. holds 5.06% of the shares totaling 5.62 million with a market value of $235.04 million.

Air Lease Corp (AL) Insider Activity

A total of 0 insider transactions have happened at Air Lease Corp (AL) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Khatibi Alex A, the company’s EVP. SEC filings show that Khatibi Alex A sold 25,000 shares of the company’s common stock on Jun 06 at a price of $40.00 per share for a total of $1.0 million. Following the sale, the insider now owns 89266.0 shares.

Air Lease Corp disclosed in a document filed with the SEC on May 31 that Clark Yvette Hollingsworth (Director) bought a total of 2,600 shares of the company’s common stock. The trade occurred on May 31 and was made at $37.96 per share for $98697.0. Following the transaction, the insider now directly holds 19856.0 shares of the AL stock.

Still, SEC filings show that on Feb 22, Willis Gregory B (EVP AND CFO) disposed off 14,139 shares at an average price of $42.79 for $0.61 million. The insider now directly holds 63,889 shares of Air Lease Corp (AL).

Air Lease Corp (AL): Who are the competitors?

One of the company’s main competitors (and peers) include AerCap Holdings N.V. (AER) that is trading 25.08% up over the past 12 months.FTAI Aviation Ltd. (FTAI) is 114.52% up on the 1-year trading charts.